Global-e Announces Exercise in Full of the Underwriters’ Option to Purchase Additional Shares
May 26 2021 - 4:10PM
Global-e Online Ltd. ("Global-e"), the world's leading platform to
enable and accelerate global, direct-to-consumer cross-border
e-commerce, today announced the underwriters of the previously
announced and closed initial public offering of ordinary shares
have fully exercised their option to purchase an additional
2,250,000 ordinary shares at the initial public offering price of
$25 per share, less underwriting discounts and commissions. After
giving effect to the full exercise of the underwriters’ option to
purchase additional shares, Global-e has issued a total of
17,250,000 ordinary shares in the initial public offering for gross
proceeds of $431,250,000, before deducting underwriting discounts
and commissions.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and
Jefferies LLC served as lead book-running managers for the
offering. Piper Sandler & Co., JMP Securities LLC, KeyBanc
Capital Markets Inc. and Raymond James & Associates,
Inc. served as co-managers for the offering.
The offering was made only by means of a prospectus. A copy of
the final prospectus relating to the offering may be obtained
from:
- Goldman Sachs &
Co. LLC, 200 West Street, New York, New York 10282, Attn:
Prospectus Department, via telephone: 1-866-471-2526 or via email
at prospectus-ny@gs.com
- Morgan Stanley &
Co. LLC, 180 Varick Street, 2nd Floor, New York, New
York 10014, Attn: Prospectus Department
- Jefferies LLC,
Attention: Equity Syndicate Prospectus Department, 520 Madison
Avenue, New York, NY 10022; by phone at (877) 821-7388;
or by e-mail at Prospectus_Department@Jefferies.com
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on May
11, 2021. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Global-eGlobal-e is the world's
leading platform to enable and accelerate global,
direct-to-consumer cross-border e-commerce. The chosen partner of
more than 440 global brands and retailers across the United
States, Europe and Asia, Global-e makes selling
internationally as simple as selling domestically. Founded in 2013
by Amir Schlachet, Shahar Tamari and Nir Debbi, the
company enables e-commerce retailers to increase the conversion of
international traffic into sales by offering online shoppers in
over 200 destinations worldwide a seamless, localized shopping
experience. Global-e's end-to-end e-commerce solutions combine
best-in-class localization capabilities, big-data best-practice
business intelligence models, streamlined international logistics
and vast cross-border experience, enabling international shoppers
to buy seamlessly online and retailers to sell from, and to,
anywhere in the world.
Press Contact:Headline MediaGarrett Krivicich
Globale@headline.media +1 786-233-7684
Investor Contact:Erica Mannion or Mike
FunariSapphire Investor Relations, LLCIR@global-e.com +1
617-542-6180
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